growth and development

 

growth and carbon issues global development (the guardian)


UK Growth

"The National Institute interprets the term “recession” to mean a period when output is falling or receding, while “depression” is a period when output is depressed below its previous peak. Thus, unless output turns down again, the recession is over, while the period of depression is likely to continue for some time. We do not expect output to pass its peak in early 2008 until 2015."

Source NIESR Nov 2013

oecd business cycle clock